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Saturday, 26 July 2014

Amazon: 26 July 2014, Saturday, 6.00 pm Singapore Time

Amazon: 26 July 2014, Saturday, 6.00 pm Singapore Time
Chart courtesy of StockCharts.com

Attached above is the technical analysis of Amazon. 
This analysis is a follow-up of my previous analysis highlighting that Amazon uptrend is over and will be transiting into a major downtrend:

Amazon has plunged more than $34 over the past week.
Note that Amazon has not only broken down the very important double black line supports, it has backtested the support-turned-resistances successfully, and is also being suppressed deliberately by 50 Weeks MA.

With reference to the above technical analysis of Amazon, the company stock price will now target for $146.20, representing a significant -55.99% downside from current point.

Donovan Norfolk Ang Technical Rating:
Highly Bearish
Short/Sell on immediate term rebounds
Amazon Stock is available for shorting in IGmarket platform.



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Friday, 25 July 2014

Gold: 25 July 2014, Friday, 11.17pm Singapore Time

Gold: 25 July 2014, Friday, 11.17pm Singapore Time

Gold is at a mass orgy of supports (golden opportunity to buy more) as illustrated above.
"Somebody" is secretly buying gold big time tonight.


A mid-term push up towards $1550 is still within the cards despite majority of market participants being bearish of Gold. Accumulate Gold on dips, while majority of market had been bearish on Gold for past many months.

Donovan Norfolk Technical Rating:
Bullish
(Buy on dips)


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AUDUSD: 25 July 2014, Friday, 10.02pm Singapore Time

AUDUSD: 25 July 2014, Friday, 10.02pm Singapore Time

Current Price of AUDUSD: $0.94152

The BLUE CIRCLED region will prove to be a fake break down. 

The RED RESISTANCES and BLACK RESISTANCES will both break up.

The ORANGE RESISTANCE at 0.97039 IS GUARANTEED TO BREAK UP based on overall huge price structure.

Donovan Norfolk Technical Rating:
Bullish



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Thursday, 24 July 2014

EURUSD: 24 July 2014, Thursday, 3.50pm Singapore Time

EURUSD: 24 July 2014, Thursday, 3.50pm Singapore Time

Euro is 100% and GUARANTEED TO RALLY to at least 1.35398 in this massive intradays' rebound.

For those who want to make fast, safe and GUARANTEED MONEY, this is the place to buy and go long. 

Big money, free money is spewing out of the ATM. 
HELICOPTER DON IS RAINING MONEY.

EURUSD: 24 July 2014, Thursday, 3.50pm Singapore Time

Watch how the Forex Market goes where I say it will go.

Big money, free money is spewing out of the ATM. 
HELICOPTER DON IS RAINING MONEY.

Seeing is believing.


Tuesday, 22 July 2014

Dow Jones Industrial Index: 22 July 2014, Tuesday, 6.50am Singapore Time

Dow Jones Industrial Index: 22 July 2014, Tuesday, 6.50am Singapore Time
Chart courtesy of StockCharts.com

DJIA awaiting a healthy correction

Breakdown, if any, will occur at the apex of the wedge, rendering the breakdown unreliable.
US markets are one of the very few markets in the world to maintain a bullish stance. DJIA price structure, as above, is warning that any sharp correction, when it comes, may not negate its long term bull market.

Expected correction:
around -2000 points

Donovan Norfolk Technical Rating:
Mid Term Correction Expected
Long Term Still Uptrend




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Sunday, 13 July 2014

YTL Reit: 13 July 2014, Sunday, 10.48am Singapore Time

YTL Reit: 13 July 2014, Sunday, 10.48am Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of TYL listed in KLSE.

LARGE SCALE DISTRIBUTION in Malaysia during the whole of 2012 and 2013.
YTL Reit is a leading indicator of Malaysian Physical Property Market. 
Malaysia KLCI Index and Malaysian Property Markets are executing a Bear Market Transition Confirmation in 2014 as per warned in end-2013 and 1H-2014 using Funds Flow Analysis.
TYL Reit is also following suit.

In fact, based on technicals and volume counting of stocks across the board in Malaysia, majority of Malaysian public are holding on to Malaysian stocks and equities such as the YTL Reit as attached above. There have been massive rushed unloads to the public using positive sentiments and rosy outlook as illustrated above.

In addition, based on ground check, public sentiments in Malaysia is very bullish. 

Unfortunately, magic stones are most easily sold and unloaded to the public at high high prices when sentiments are high, adrenalin juices rushing and flushing, outlook rosy and when everything looks formidably good.

This is when the climax ends and the U-turn sets in.

When all REITS are being dumped, it is a strong sign of distress building up in the financial market.

YTL Reit, together with Malaysia Stocks and Equities Market, is making confirmation of transition to bear market at the peak right now.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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Saturday, 12 July 2014

Consol Energy: 12 July 2014, Saturday, 3.16pm Singapore Time

Consol Energy: 12 July 2014, Saturday, 3.16pm Singapore Time
Chart courtesy of StockCharts.com

Attached is the technical analysis of Consol Energy listed in the NYSE.
+ Price satisfaction for rebound wave to end and for long term downtrend to resume:
$44.00
+ The $44 escape wave target has ended with an overshot to $48 for smart money shorting purposes.
After shorting, Consol Energy will undergo the high volume break-down and mark-down stage
+ This stage is currently on-going.
Sell off in stocks is far from over yet.


Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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TDM: 12 July 2014, Saturday, 2.58pm Singapore Time

TDM: 12 July 2014, Saturday, 2.58pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of TDM listed in KLSE.

RED BOX REGION: Failure to Rally on MAX FFA
<< WARNING: Failure To Rally on MAXIMUM +10.000 FFA >>

+ Maximum +10.000 FFA in the big wind/broad market is completing and U-turning, and this had been the best performance that this stock can offer (to be trapped in near consolidation within a +10.000 FFA: clear intentions to transit to bear market).
+ Resumption in sell-off will now proceed to do further damage.
+ Financial markets worldwide are transiting to bear markets as per warned in end-2013 and 1H-2014 using Daily Funds Flow Analyses (RED  BOX region). TDM is also transiting to a bear market.
+ Only retailers are holding unwanted stocks and there is no more buying interest.
+ There is also no more buying momentum and TDM is resisted by light blue internal resistance now.
+ Retailers are helping to catch stocks on the buy side while smart monies are throwing on the sell side.
+ TDM awaiting high volume high down. Malaysia public will be caught offguard in any selldowns.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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EUPE: 12 July 2014, Saturday, 2.27pm Singapore Time

EUPE: 12 July 2014, Saturday, 2.27pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of EUPE listed in KLSE.
For EUPE, I only need 2 lines to illustrate my point as well as to show where it current stands vis-a-vis the broad markets. The lines are highlighted in the attached chart.
There is not much buying momentum anymore. 

EUPE, together with Malaysia Stocks and Equities Market, is making transition to bear market.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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MYEG: 12 July 2014, Saturday, 1.45pm Singapore Time

MYEG: 12 July 2014, Saturday, 1.45pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of MYEG listed in KLSE.

<< WARNING: Failure To Rally on MAXIMUM +10.000 FFA >>

+ Maximum +10.000 FFA in the big wind/broad market is completing and U-turning, and this had been the best performance that this stock can offer (to be trapped within consolidation within a +10.000 FFA: clear intentions to transit to bear market).
+ Resumption in sell-off will now proceed to do further damage.

+ Financial markets worldwide are transiting to bear markets as per warned in end-2013 and 1H-2014 using Daily Funds Flow Analyses. MYEG is also transiting to a bear market.

+ Only retailers are holding unwanted stocks
+ Retailers are helping to catch stocks on the buy side while smart monies are throwing on the sell side.


Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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INARI: 12 July 2014, Saturday, 12.11pm Singapore Time

INARI: 12 July 2014, Saturday, 12.11pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of INARI listed in KLSE.
17 folds within 2 years. Time to take all profits and dump.
Many penny stocks are frothing with bubbles in Malaysia.
Exponential Bubble. A crash is in the brewing.

At the end of a bull market, dead penny stocks such as INARI will be speculated because Big Hands are not buying dividend stocks, blue chips and index stocks anymore.

INARI is at final stage of pump, and the rush for exit will inflict pain to the late comers.

A large number of retailers and retail investors have been sucked in based on technicals and the hot rush for exit is coming soon.

INARI, together with Malaysia Stocks and Equities Market, is making transition to bear market.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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OPENSYS: 12 July 2014, Saturday, 9.35am Singapore Time

OPENSYS: 12 July 2014, Saturday, 9.35am Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of OPENSYS listed in KLSE.

Exponential Bubble

At the end of a bull market, dead penny stocks such as OPENSYS will be speculated because there is Big Hands are not buying dividend stocks, blue chips and index stocks anymore.

OPENSYS is at final stage of pump, and the rush for exit will inflict pain to the late comers.

A large number of retailers and retail investors have been sucked in based on technicals and the hot rush for exit is coming soon.

OPENSYS, together with Malaysia Stocks and Equities Market, is making transition to bear market.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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ARREIT: 12 July 2014, Saturday, 9.15am Singapore Time

ARREIT: 12 July 2014, Saturday, 9.15am Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of ARREIT listed in KLSE.

LARGE SCALE DISTRIBUTION in Malaysia is at its final phase and is expected to end in 2014. 
Malaysia KLCI Index is executing a Bear Market Transition Confirmation in 2014 as per warned in end-2013 and 1H-2014 using Funds Flow Analysis.
ARREIT is also following suit.

In fact, based on technicals and volume counting of stocks across the board in Malaysia, majority of Malaysian public are holding on to Malaysian stocks and equities such as the ARREIT attached above. There have been massive rushed unloads to the public using positive sentiments and rosy outlook as illustrated above.

In addition, based on ground check, public sentiments in Malaysia is very bullish. 

Unfortunately, magic stones are most easily sold and unloaded to public at high high prices when sentiments are high, adrenalin juices rushing and flushing, outlook rosy and when everything looks formidably good.

This is when the climax ends and the U-turn sets in.

When all REITS are being dumped, it is a distress sign.

ARREIT, together with Malaysia Stocks and Equities Market, is making confirmation of transition to bear market right now.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds




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SUNREIT: 12 July 2014, Saturday, 12.39am Singapore Time

SUNREIT: 12 July 2014, Saturday, 12.39am Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of SUNREIT listed in KLSE.

LARGE SCALE Pump and Dump in Malaysia is at its final phase and is expected to end in 2014. 
Malaysia KLCI Index is executing a Bear Market Transition Confirmation in 2014.
SUNREIT is also following suit.

In fact, based on technicals and volume counting, majority of Malaysian public are holding on to Malaysian stocks and equities such as the SUNREIT attached above. There have been 6 massive rushed unloads to the public using positive sentiments and rosy outlook. In addition, based on ground check, public sentiments in Malaysia is very bullish. For instance, many are saying "There is no way Malaysia will go into bear market. This bull is far from over. Outlook is very good."

Unfortunately, magic stones at high prices are most easily sold to public when sentiments are high, adrenalin juices is rushing and flushing to the head, outlook is rosy and everything looks formidably good.

This is when the climax ends and the U-turn sets in. 
SUNREIT, together with Malaysia Stocks and Equities Market, is making confirmation of transition to bear market right now.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds



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Friday, 11 July 2014

FARLIM: 11 July 2014, Friday,11.35pm Singapore Time

FARLIM: 11 July 2014, Friday,11.35pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the technical analysis of FARLIM listed in KLSE.
Malaysians are majority 95% bullish in all of their stocks and investments. 

This makes Malaysian stocks and equities markets a Donovan Norfolk Technical Rating of: 
STRONG SELL

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds



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SCICOM: 11 July 2014, Friday, 3.38pm Singapore Time

SCICOM: 11 July 2014, Friday, 3.38pm Singapore Time
Chart courtesy of Chartnexus.com

Attached is the chart of SCICOM listed in the KLSE.
Based on Technicals, this stock is currently at the stale end of its run-up.
Big Hands and Smart Monies are out, using good news and good fundamentals to sell to majority retailers. Only retailers are holding the unwanted babies.

A break down below $1.00 will be yet another double confirmation signal to sell.

Note that it is always high risk to speculate on the buy/long side after a stock has gone almost 4x within 1 year.

Donovan Norfolk Technical Rating:
Bearish
Sell on Rebounds



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Friday, 4 July 2014

Funds Flow Analysis (FFA): 4 July 2014, Friday, 11.00pm Singapore Time



Current Latest Computed Funds Flow Analysis (FFA):
For Worldwide Financial Markets:
4 July 2014, Friday, 11.00pm Singapore Time


Donovan Norfolk Ang Funds Flow Analysis Indicator 
for Worldwide Financial Markets 
4 July 2014, Friday

Broad Markets / Big Markets / Big Wind Directions

European markets are 1 hour 30 minutes away from closing, while US markets (Dow, S&P500 and NASDAQ) are closed for independence day.

Based on current latest computational results, Holdings Index Strength of Big Hands changed from +4.849 (3 July 2014) to +1.723 (4 July 2014) in strength on the Donovan Norfolk Funds Flow Index OscillatorOn the other front, Big Hands' Puts Holdings on hand changed from -3.428 (3 July 2014) to -3.215 (4 July 2014) in strength on the Donovan Norfolk Funds Flow Index Oscillator. 

Broad/Big Market (Big Wind Direction) Short-Term / Mid-Term Posture by Big Hands:

Major Top for Worldwide Financial Markets:
+ Worldwide Financial markets are transiting to bear markets.
+ Bear confirmations worldwide are being made in the first half of 2014.

+ Smart monies and Big Hands have been taking profits of their Bullish Calls and loading Bearish Puts since end of May and the start of June: Bearish biased.
+ Big Hands and Smart monies carry on to take profit of significant amount of longs today (unload longs): Bearish biased.

-----------------------------------------------------------------------------------------------------------------
Donovan Big Hands Funds Flow Computational Oscillator
-----------------------------------------------------------------------------------------------------------------

Donovan's Funds Flow Analysis Index Oscillator:
-10 ----- 0 ------+10
Donovan's Funds Flow Analysis Strength-Index Scale Key:
negative (-ve) = shorting;
positive (+ve) = longing;
0: No shorts and no longs (direction-less)
1-2: Weak strength / weak holdings
3-4: Moderate strength / moderate holdings
5-6: Strong strength / high holdings
7-8:Very strong strength / very high holdings
9-10:: Rally Mode in store if +ve / Plunging Mode in store if -ve

Implication of Broad Markets/Big Markets/Big Wind Indices Directions
If it is a rising tide in Index Big Wind, most or almost all stock boats generally rise;
If it is a receding tide in Index Big Wind, most or almost all stock boats generally go lower.
Hence the importance of Big Wind Directions blown by Big Hands.




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